Lloyds and Stripe launch instant payment tools for UK small businesses

Lloyds has partnered with Stripe to bring advanced payment technology to small businesses. The collaboration introduces Lloyds Accept, a new service integrated into Lloyds and Bank of Scotland Business Accounts. It aims to help small businesses operate and grow more effectively. Lloyds Accept is built on Stripe Connect, combining Stripe’s global payments infrastructure with Lloyds’ business banking. The service allows businesses to sign up in minutes and start trading immediately.

Amanda Murphy, CEO of Lloyds Business & Commercial Banking, highlighted the benefits. She noted that the tools support instant trading and healthy cash flow. The offering includes Tap to Pay on smartphones, payment links, and modern terminals.

Eileen O’Mara, Chief Revenue Officer at Stripe, welcomed the partnership. She expressed excitement about bringing Stripe’s technology to UK small businesses through Lloyds Accept. Stripe already powers payments for companies of all sizes worldwide. Small businesses using Lloyds Accept can now accept contactless payments via smartphones with the Lloyds Accept app. The service provides fast access to modern payment tools. This integration marks a significant step in supporting UK small businesses with efficient payment solutions.